Lot 2, 215 Princes Highway , Beaconsfield

369.00m2
Retail
Contact Agent

BRAND NEW CARLS JR DRIVE THRU | 12 YEAR LEASE TO 2034 | HIGH EXPOSURE SITE

** SOLD **

Gross Waddell ICR, in conjunction with Gorman Allard Shelton and Burgess Rawson, is pleased to offer to the market Carl's Jnr Beaconsfield, for sale via an Investment Portfolio Auction.

The property has the following investment highlights:

• New 12 year net lease to 2034 plus options to 2054 to Global fast food chain, Carls Jr.

• Carls Jr: Leading Global fast food operator established in 1956 with 3,800 stores worldwide and 45 stores in Australia with aggressive growth strategy in place

• Strong and certain rental growth with fixed annual, compounding 3% increases

• Landlord-favourable, net lease terms with tenant responsible for their proportion of outgoings as per the lease

• Strategic home bound Princes Highway position, metres from Monash Freeway exit with exposure to over 58,000 vehicles passing daily****

• A brand new 2022 purpose built 369sqm* dual lane drive thru store due to open at the end of 2022

• Generous 1,575sqm* site with 37 on site car spaces

• Significant depreciation benefits, $275,000 year 1 rent potentially deductible (110% of rent)***

• Located within the Beaconsfield Service Centre anchored by fellow national tenants BP, KFC and Taco Bell as well as six (6) retail shops

• Position perfect adjoining a permit approved 108 townhouse development and future planned Woolworths anchored shopping centre within 100 metres*

• Beaconsfield: Booming south-eastern suburb 44km* from the Melbourne CBD

• Located in the Princes Highway growth corridor with the population forecasted to increase by 67% by 2041**

• An Essential Service Investment

• Estimated Net Income: $250,000 pa* + GST

To be sold by Investment Portfolio Auction:
10:30am AEST
Wednesday 26 October 2022
Crown Casino, Melbourne

Gross Waddell ICR:
Alex Ham - 0410 545 226
Michael Gross - 0419 355 561

Gorman Allard Shelton:
Jonathon McCormack - 0418 835 885
Stephen Gorman - 0418 321 828

Burgess Rawson:
Matthew Wright - 0458 290 588
Justin Kramersh - 0460 349 605

*Approximately
** ForcastID
***JM Advisory
****Gapmaps

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Level 1, 30 Collins Street
Melbourne VIC 3000